Coinbase announced that it is in the final stages of testing the support for the classic ETHERM coin, as the platform is poised to provide support for this digital currency for various services. In a statement posted on its official blog, the platform revealed that it had published the news to announce its intention to include new digital assets.
Insert currency within the Coinbase services
The official statement said:
"We expect the final test to be completed by Tuesday, 7 August. After this, we will announce our willingness to accept conversions in the currency of the Atherom Classic. We plan to allow 24-48 hour transfers through Coinbase Pro and Coinbase Prime before enabling currency trading "
According to the announcement, currency support will be performed periodically on all of the Coinbase services: the Coinbase portfolio, the markets, the Coinbase Pro, the Coinbase Prime, asset management from Coinbase and the Coinbase Consumer.
In the case of the Coinbase Portfolio, support will be added to internal transportation and Citrus Classic withdrawals. Coinbase Pro customers will also be granted access to Etihad Classic trading services, as well as customers from Coinbase Prime and Coinbase Markets.
In the case of the markets of the Coinbase, trading will be open after a period of 24 to 48 hours, with Coinbase Pro and Prime carrying out the transfers. In line with the Tadawul trading policy, a trading record for Atheros Classic will be opened at least 10 minutes, after which trading on the Pro and Prime platforms will be activated once sufficient liquidity has been formed.
While the Consumer Services will be somewhat delayed as the platform policy states that assets in the Coinbase Consumer can only be listed after inclusion in both the Coinbase Pro and Prime platforms. As soon as the required amount of liquidity is available, Coinbase intends to include the Atrium Classic in the Coinbase Consumer platform, a process that expects to take a week or two of trading on the Pro and Prime platforms.
Dates and areas of listing
Coinbase reported that the dates presented are not final, they are just estimates. According to the announcement, more information will be provided in the next few days on everything that has the issue of the inclusion of the Atheros Classic. It was also revealed that upon full insertion, the currency would become available in all geographical regions. However, it will be subject to trading rules on the Coinbase platform.
On the other hand, the CCN earlier reported that Coinbase had faced a storm of criticism, and even a collective lawsuit over charges of internal trading of the cash formation last December during the inclusion of the currency on the podium. Since then, the Platform has developed a comprehensive information declaration policy as a means of promoting transparency and increasing confidence.